Catenaa, Tuesday, March 10, 2026- Amazon is targeting about $37 billion to $42 billion in a cross-Atlantic offering in dollars and euros.
Bloomberg News reported that the firm is marketing US high-grade debt in as many as 11 tranches, ranging from two to 50 years, and it seeks to raise $25 billion to $30 billion.
Initial price discussions for the longest portion of that offering, a note maturing in 2076, involve a yield of about 1.55 percentage points more than Treasuries, the report said.
Amazon also plans to raise as much as €10 billion ($11.6 billion) from a potential eight-part debut euro bond sale, with maturities ranging from two to 38 years, slated for as early as Wednesday. It would be the most tranches sold by a company in the region.
Bond sales have restarted globally after US President Donald Trump hinted that the war with Iran would end soon.
At least $31.3 billion of bonds are set to be priced in Europe on Tuesday, making it the busiest day since the conflict in the Middle East started over a week ago. Debt capital markets globally slowed sharply to start March.
The sale is the latest in a series of jumbo note offerings by hyperscalers as they plan to invest hundreds of billions of dollars in AI infrastructure.
Alphabet raised roughly $32 billion in the US and European high-grade bond markets last month while Oracle priced $25 billion of dollar notes.
Amazon’s prior US issuance was in November, when it sold $15 billion of bonds.
Amazon’s latest offering comes at a time when equity investors have grown more worried that the company’s massive spending in AI may not pay off.
The firm last month said it would invest about $200 billion in data centers, chips, and other equipment in 2026, topping analysts’ estimates.
